This was recorded last week. Dennis and I discuss the US budget deficit and how it continues to feed into inflation. For this reason, and foreign selling of the dollar will lead to higher bond yields.
Is it true that China has not bought much gold in the past 2 months? You were asked about this on CapitalCosm, but you did not address his direct question… Regards
As I recall, I said that you cannot trust their statements. They could have bought gold and not recorded it as reserves. Or they could have paused, or even sold (unlikely). Don't trust any government information!
Is it true that China has not bought much gold in the past 2 months? You were asked about this on CapitalCosm, but you did not address his direct question… Regards
As I recall, I said that you cannot trust their statements. They could have bought gold and not recorded it as reserves. Or they could have paused, or even sold (unlikely). Don't trust any government information!
Thanks for sharing the podcast Alasdair.👍